Are you a home owner or landlord? Do you want to know what to do to cut your home owner insurance rates by up to 50%? Here are helpful tips that will help if you follow them strictly.
It is true that home insurance companies will offer lower rates to you as a home owner if your tenants are very watchful of things and events around the home.
Having watchful tenants means that events like fire outbreak and burglary could be tamed.
Most burglars won't break into homes that have watchful people living in it.
Now the age of your tenants are also considered seriously by the home insurance companies.
It is a fact that elderly tenants stay more at home and are more watchful of suspicious movements around the premises.
On the other hand, the younger and unemployed tenants will make your landlord insurance cover rates soar.
This is true because young people are termed high risks.
They party often, drink alcohol excessively most times and create sneaking outlets in home window fittings for use whenever there's need to sneak out of the home unnoticed.
So as a landlord, be well informed about your tenants especially if they are young.
Know what they do for a living and if they are still in school studying, study the type of friends they come back home with and if they are the type that enjoys loud music in their cars.
This is very important since it makes for easy identification of your young tenant.
Where To Get More Professional Landlord Insurance Help and Free Quotes Online?